Common use of Amendments to the Constitutive Agreement Clause in Contracts

Amendments to the Constitutive Agreement. Article 2 may be amended by a unanimous decision of the Trust Fund Board. Articles 5, 6 and 19 may be amended at any time only by a unanimous decision of the Operational Board upon a proposal made by the Manager or of any Member. The other provisions of the Constitutive Agreement may be amended at any time by a two- thirds majority decision of the Operational Board upon a proposal made by the Manager or of any Member, provided that the Chair casts a positive vote. The Trust Fund Board shall be informed of such modification.

Amendments to the Constitutive Agreement. Article 2 2, 5, 6 and 19 may be amended by a unanimous decision of the Trust Fund Board. Articles 5, 6 and 19 may be amended at any time only by a unanimous decision of the Operational Board upon on a proposal made by the Manager or of any Member. donor The other provisions of the Constitutive Agreement may be amended at any time by a two- two-thirds majority decision of the Operational Trust Fund Board upon on a proposal made by the Manager Managers or any member. In application of any MemberArticle 5.5.1, provided that the positive vote of the Chair casts a positive vote. The Trust Fund Board shall be informed of such modificationrequired.

Amendments to the Constitutive Agreement. Article 2 may be amended by a unanimous decision of the Trust Fund Board. Articles 5, 6 and 19 may be amended at any time only by a unanimous decision of the Operational Board upon Committee on a proposal made by the Manager or of any Membermember. The other provisions of the Constitutive Agreement may be amended at any time by a two- two-thirds majority decision of the Operational Board upon Committee on a proposal made by the Manager or of any Membermember, provided that the Chair casts a positive votevotes in favour. The Trust Fund Board shall be informed notified of any such modificationamendment.